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Discontinued — last reported Q1 '26

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Segments

By segment

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Regulated$3.41M
Non – Regulated$0

Other financials

Income statement

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Revenue$48.7M+10.0%
Operating income$13.1M+13.4%
Net income$10.6M+11.9%
EPS (diluted)$0.57+7.5%

Balance sheet

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Cash & equivalents$3.7M+39.8%
Total debt$381.0M-46.5%
Total equity$501.0M+11.6%
Total assets$1.4B+8.4%

Cash flow

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Operating cash flow$11.7M-14.9%
CapEx$25.1M+47.0%
Free cash flow-$3.7M+13.0%

Valuation

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Market cap$1.1B+14.0%
Enterprise value$1.47B-11.7%
P/E25×+2.8×
P/S5.5×+0.6×

Profitability

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Operating margin28.1%0.0pp
Net margin22.1%0.0pp
FCF margin-8.3%-3.2pp

Returns & leverage

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Return on equity9.3%-0.6pp
Debt / equity0.8×-0.8×
Current ratio0.4×-0.1×

Where this comes from

Reported directly by Middlesex Water Company in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseNonoperating.

The source filing: Middlesex Water Company’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:10 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028887
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Allowance for Funds Used During Construction633372
Other Income, net1,3691,425
Total Other Income, net2,0021,797
Interest Charges3,2142,713
Income before Income Taxes11,89010,641
Income Taxes1,2851,162
Net Income10,6059,479
Preferred Stock Dividend Requirements1822

Item 1. Financial Statements (Unaudited):

FAQ

What is Middlesex Water Company's interest expense?
Middlesex Water Company (MSEX) reported interest expense of $3.21M in Q1 2026.
How has Middlesex Water Company's interest expense changed year-over-year?
Middlesex Water Company's interest expense increased by 18.5% year-over-year, from $2.71M to $3.21M.
What is the long-term trend for Middlesex Water Company's interest expense?
Over 4 years (2021 to 2025), Middlesex Water Company's interest expense has grown at a 15.2% compound annual growth rate (CAGR), from $8.11M to $14.3M.
What does interest expense mean?
Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

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